NasdaqCM:HOVRAerospace & Defense
Assessing New Horizon Aircraft (HOVR) Valuation After New Equity Raise And Hybrid Electric VTOL Updates
Why New Horizon Aircraft’s latest equity raise matters for investors
New Horizon Aircraft (NasdaqCM:HOVR) has just completed a registered direct follow on equity offering of about US$19.9 million, selling 9,254,889 Class A ordinary shares at US$2.15, a US$0.1505 discount per share.
This capital raise, alongside recent calls outlining plans for its hybrid electric vertical takeoff and landing platform, puts fresh attention on how the company intends to fund development while managing dilution...